Monday, January 8, 2007

Why Vietnam?

Vietnam's emerging software industry has mushroomed from just a few scattered firms in 1998 to approximately 500 companies in 2003. With good government support and infrastructure improvements happening virtually every day, Vietnam's software outsourcing industry is poised to evolve into a major player in the global arena.

Who's here in Vietnam
A report by Andersen Vietnam Ltd., a consultancy firm, finds some of the industry's leading technology names -- IBM, Cisco, Nortel, Compaq, Hewlett-Packard, Sony and Fuji -- already outsourcing work to Vietnam.

Low Cost
Vietnamese programmers charge less than half of what their counterparts in India make. Including overhead charges, corporate customers pay approximately $20,000 per person per year in Vietnam, compared to $30,000 in Russia or Romania and $40,000 in India.

High Quality and Qualified Talent for Decades to Come
"With Vietnam, you do get quality," Dan Stern director of Research Vietnam, said. "Its education system, which emphasizes rote learning, mathematics and logic, creates good programmers." Furthermore, with approximately 60% of the country under the age of 26, the pool of talent is growing and ensures that TMA will continue accessing high level skills at competitively lower wages for decades to come.

Advanced IT Training and Receptiveness to Training
Access to quality IT education has expanded greatly in Vietnam. A number of Western and Indian IT training companies have opened state-of-the-art training centers in Vietnam providing up-to-date IT education. In Vietnam a high degree of importance is placed on education making Vietnamese students voracious learners, diligent and receptive to this advanced training.

Great opportunities to form long-term alliances
As the Vietnamese software industry is in its infancy, companies are eager to form long-term alliances. At TMA we understand the importance of strong relationships, which is why we provide excellent customer service that will ultimately foster long-standing and mutually beneficial alliances.

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